Egypt allocates more than LE 600B to develop countryside

CAIRO – 2 June 2021: More than LE 600 billion will be provided for the implementation of the national project for the development of the Egyptian countryside during the coming 3 to 4 years, according to Minister of Finance Mohamed Maait.

This comes in implementation of the presidential directives to lay the foundations of comprehensive and sustainable development in the various governorates, in a way that contributes to improving the quality of life and improving the standard of living of citizens.

The Egyptian minister pointed out, in a statement, Wednesday, that LE 75 billion have been allocated in the new budget for "dignified life" projects in villages.

Maait pointed out the importance of the national project to develop the Egyptian countryside, which is currently being implemented, as it is the largest in the world in terms of business volume and diversity, and the target percentage, which exceeds half of the Egyptian population, seeks to improve their lives economically, socially and in service.

The Minister directed the Public Treasury and the Mint Authority to “mint” this national project on the auxiliary coins “Fakkah” under the slogan “a decent life”, which contributes to documenting it within the unprecedented national and development projects that Egypt is witnessing during the era of President Abdel Fattah Al-Sisi.

Head of the Public Treasury and Mint Authority, Hossam Khader, said that LE10 million coins and 5 million "fifty piasters" coins bearing the slogan "a decent life" will be offered, in appreciation of the efforts made by the state in the project "Developing Egyptian Rural Villages” with the aim of radically changing the reality of the rural villages and their dependencies.

He pointed out that among the most prominent achievements that were highlighted by minting coins are: «the administrative capital, the new city of El Alamein, the national network of roads, power plants, Zohr gas field, the new Assiut Barrage, solar energy farms in Aswan, and the Suez Canal. The new project, the national housing project, the national fish farming project, the Galala plateau, technology incubators, the logistic center for grain storage and circulation, and the economic zone of the Golden Triangle project.